Yellen Gets Fed Nomination With Bank at Turning Point

By

Jon Hilsenrath

Oct. 12, 2013 5:31 p.m. ET

Janet Yellen, if confirmed to lead the Federal Reserve, faces the difficult task of defining when the central bank will step back from the expansive monetary programs employed over the past six years to salve the crisis-racked economy.

President Barack Obama introduced Ms. Yellen, beaming at his side, as his choice to become chairwoman of the central bank when Ben Bernanke's term ends in January. Her nomination is subject to Senate...